Industry Background:
An industrial router is a rugged router specially manufactured for harsh environments. Industrial routers are used in major applications such as remote monitoring, industrial automation, building automation, and many others. These routers provide a secure connection, embedded modem, wide temperature range, and many others. It is majorly used in IoT industrial areas across North America and Asia Pacific regions.This growth is primarily driven by Development in IP Based Networks
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Dell Technologies Inc. (United States), Inseego Corporation (United States), Micromax Technology (Australia), Ericsson (Sweden), TP-Link Technologies Co. Ltd. (China), Advantech Co. Ltd. (Taiwan), Alcatel-Lucent Enterprise (France), Juniper Networks Inc. (United States), Huawei Technologies Co. Ltd. (China) and ZTE Corporation (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2021,Cisco and Siemens have both announced new ranges of 5G industrial routers. Cisco’s claims that its portfolio of IoT routers is the broadest on the market, and can be used to extend enterprise networks to the edge with flexibility, security and scalability.
In Jun 2021, Cisco announced the launch of a new portfolio of Catalyst industrial routers to enhance the power of enterprise networks to the edge of the flexibility, security, and scalability for IoT industry success. Through this initiative, the company enhances its market competency in this industry.The companies are determining this industry across new geographical areas by accepting numerous strategic growth areas such as mergers & acquisitions, expansions, investments, new product launches, and others. The market key players are exploring new areas through growths and achievements across the globe to benefit from competitive advantage through combined synergies. North America is expected to hold a leading position across the global industrial routers market in the coming years. The leading players are heavily investing in technology development such as 5G Industrial Routers to securely connect mobile and fixed assets.
Influencing Trend:
Continuous Development in Technology
Market Growth Drivers:
Development in IP Based Networks and The Rise in Awareness Towards Enhanced Productivity with Reduction in Operational Costs
Challenges:
IoT Communications Module Manufacturing is Very Complex and Patents May Act as Entry Barrier for New Entrants in the Market
Restraints:
High Cost Associated with Raw Material Analysis and Complex End-User Needs
Opportunities:
Rising Acceptance of Industrial Routers Across Robot OEMs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Industrial Routers Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Industrial Routers Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Industrial Routers players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Industrial Routers Study Sheds Light on
The Industrial Routers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Industrial Routers industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Routers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.